Carmen Rosa is a member of the Hiperbanco community bank, which is located in the district of Cusco, in the province and department of Cusco. She is 56 years old, has four children, and is married. She balances her daily activities with her business selling cosmetics from catalogs. She sells perfume, cologne, and other items to customers who order them. She sells to customers such as friends, relatives, and others. She also sells clothing to the same customers. Carmen Rosa is a responsible and enterprising person whose business is improving life for her family.

She is requesting this loan to purchase merchandise such as women's cologne.

The group members in the small attached photo asked permission to come late to the meeting because they were working. The members are grateful for the Kiva lenders and promise to make their repayments on time.

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.